Government Scheme: Pradhan Mantri Mudra Yojana (PMMY)
Launched: 8 April 2015
By: Ministry of Finance, Government of India
Objective: To provide financial support to small and micro enterprises that are not eligible for traditional bank credit.
Loan Categories
| Category | Loan Amount |
|---|---|
| Shishu | Up to ₹50,000 |
| Kishor | ₹50,001 to ₹5 lakh |
| Tarun | ₹5,00,001 to ₹10 lakh |
Why in News (2024-25)?
- PMMY completed 9 years in April 2024.
- Total loans sanctioned crossed ₹24 lakh crore to over 43 crore beneficiaries.
- Increased emphasis on women entrepreneurs and SC/ST category.
- Discussed in Parliament for rural employment and credit access impact.
Important for Government Exams
- Scheme is part of Financial Inclusion & Self-Employment topics.
- Questions asked in UPSC, SSC, Banking, and State PSC exams.
- Loan categories (Shishu, Kishor, Tarun) are frequently asked in MCQs.
- Linked with Atmanirbhar Bharat and MSME promotion initiatives.
Sample MCQ
Q: Under the Pradhan Mantri Mudra Yojana, what is the maximum loan amount under the "Tarun" category?
A. ₹1 lakh
B. ₹5 lakh
C. ₹10 lakh
D. ₹20 lakh
Answer: C. ₹10 lakh
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